Technology Laboratory and Professional Development
Nonprofit profile at a glance
- EIN
- 208370098
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Garden City, MI, USA
- Phone
- 8883273387
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $543,127
- Expenses
- $533,372
- Assets
- $438,311
- Liabilities
- $282,906
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Rev Larry S Bullock (DIRECTOR)
- Henry Cotton (DIRECTOR)
- Dr Pamela Floyd (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
TLAB realized strong academic, parental coaching, financial, programmatic and systems performances in FY 2021. In summary, the following occured:
What it reported doing in 2024
T.Lab realized strong, academic performances among students, parental coaching, financial, programmatic and systems performances in FY 2013. In Summary, the following occured: 95% of t.Lab students are pursuing STEM Disciplines. 3.88 out of 4.0 Average GPA, $22.5M in academicscholarships since 2007. Median ACT 31 out of 36. Have served over 5,200 Parents and students. Our students have been accepted to multiple tier 1 colleges/universities. Kettering, Harvard, Columbia, Yale, Carnegie Mellon, University of Michigan, Morehouse College, Oakland, Michigan Tech, Michigan State, Northwestern, Fisk, Georgia Tech, University of Milkwaukee, University of Wisconsin, Case Western University, and Babson College. t.Lab has received the highest ranking from GuideStar since 2017 at the Platinum level. t.Lab has grown its revenue to over $555,000 while providing an average of 60% in scholarships and discounts. t.Lab is leading a national effort to increase the median ACT scores for Afreican and American students from 16 to 25. t.Lab developed a reputation for providing high quality goods and services to parents and students while realizing top 5% academic results. t.Lab students realized a median ACT score of 30.5 during FY 2023-2024.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Accountability: 94
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.2%; rating input score 98
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.8%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 11% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 98.2% of revenue deployed · 100% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 7 filing controls reported
- Programs: 8 filed program accomplishments · $533K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.